CAL’s key insights on IPOs – how to take your company public

Capital Alliance, Sri Lanka’s leading full service investment bank, has enabled several companies in the country to prepare for and successfully ...

Sampath Bank extends off-site ATM network

The newest ATM of Sampath Bank was ceremonially opened at High Level Road, Nugegoda by Prasantha De Silva, Chief Dealer.

LB Finance delights business partners at The Grand Kandyan

?LB Finance organized its Kandy Business partners get together on 5th September at The Grand Kandyan Hotel- Kandy.

Softlogic Finance expands branch network to 25 with Matara Metro branch

?Softlogic Finance PLC has extended its islandwide presence to 25 fully-fledged branches with the opening of a Metro branch in Matara, continuing the company’s plan to expand its footprint across the country.

Pan Asia Bank’s Rs.4bn debenture issue opens on September 23

Pan Asia Bank has seen a significant growth in its balance sheet recently. During the first half of 2015 (1H’15), our advances grew by over 13 percent. While the bulk of this growth was funded via deposits

ICRA assigns FCH [SL]A-/stable outlook

?ICRA Lanka Limited, a wholly-owned subsidiary of ICRA Ltd, a group company of Moody’s Investors Service, has assigned the issuer rating of [SL]A- with a stable outlook to First Capital Holdings PLC (FCH).

Edirisinghe & Co., Chartered Accounts joins Baker Tilly International

?Following the firm’s recent admission to the top 10 global accounting and business advisory network Baker Tilly International, Baker Tilly Edirisinghe & Co. will be expanding its multinational clientele and helping small and medium-sized companies in Sri Lanka.

Sarvodaya Development Finance relocates branches for greater customer convenience

Sarvodaya Development Finance Limited which was recently re-launched, relocated four of its outstation branches to provide greater accessibility and convenience to its customers. 

Amãna Bank expands ATM network to Addalachenai and Maruthamunai

?Amãna Bank recently expanded its ATM network with the opening of two off-site ATMs on the same day in Addalachenai and Maruthamunai in the Eastern Province of Sri Lanka. 

Pan Asia Bank in green lending push

Pan Asia Banking Corporation PLC (Pan Asia Bank) in its mission to contribute towards  helping to create a climate-friendly economy has embarked on a green lending drive to fund small...

Fitch withdraws Ceylon Income Fund rating; CAM says fund’s assets of investment grade

?Fitch Ratings Lanka yesterday withdrew Ceylon Income Fund’s (CIF) National Fund Credit Quality Rating of ‘A(lka)’. CIM is managed by Ceylon Asset Management (CAM).

HSBC introduces Digital Clinics

HSBC has announced a series of Digital Clinics to facilitate its digital banking services and assist customers with their daily online banking requirements. ] The Digital Clinics will be held throughout the week at HSBC Premier Centre and branches in Bambalapitiya...

Fitch affirms Citibank N.A.-Colombo branch at ‘AAA(lka)’

Fitch Ratings Lanka has affirmed Citibank N.A.- Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka)’.The Outlook is Stable.

The Finance Company improves performance in FY 2014/2015

Good times have returned for The Finance Company (TFC), Sri Lanka’s first Non-Banking Financial Institution (NBFI),...

HNB launches futuristic elearning solution for staff

Hatton National Bank PLC (HNB) has invested in a high-end digital solution for the development of its staff by completely revolutionizing and overhauling its current elearning system. 

Seylan Tikiri creative till competition entry period extended

In keeping with Seylan Bank’s intention of promoting savings among children, a “Creative till Competition” is launched aiming children below 10 years of age. 

Gestetner records 67% profit growth for 2014/15 financial year

Gestetner of Ceylon PLC continued on the upward trajectory for the financial year 2014/2015. 

NTB relocates Kohuwala branch offering greater convenience

?Nations Trust Bank PLC recently relocated its branch in Kohuwala to a more spacious and convenient location. 

HBL opens 2 branches in 2 days

HBL, the largest bank in Pakistan, has had a history in excess of 65 years in Sri Lanka; the bank recently added a branch in Wellawatte to its portfolio. 

StanChart introduces two offers for cardholders

?Standard Chartered (StanChart) has two great propositions for its credit cardholders. The first is an opportunity to convert any transaction into a 12-month plan at 0 percent interest and the second is an easy payment scheme up to 60 months at a range of merchant establishments. 

Sampath launches ‘Ithurum Siththam’ competition for Children’s Day

Reiterating its commitment to the country’s future and establishing a solid foundation for the future leaders of the nation, Sampath Bank is introducing ‘Sampath Ithurum Siththam’ to celebrate the World Children’s Day on October 1, 2015.

China tightens capital controls after devaluation: reports

AFP: China is tightening capital controls following a devaluation of its yuan currency, media reports said, as worries about financial outflows rise.

Asian Alliance Insurance wins Asia’s ‘Innovation of the Year’ prestige

Asia Insurance Awards, the premier regional event of the year which recognises and salutes excellence in the insurance sector, has announced that Asian Alliance Insurance has been awarded ‘Innovation of the Year’ finalist at the 19th Asia Insurance Industry Awards 2015.

LB Finance PAT grows 73% in 1Q16

LB Finance PLC recorded a profit after tax (PAT) of Rs.775.8 million compared to the Rs.449.0 million recorded in the first quarter ended June 30, 2015 (1Q16), a substantial growth of 73 percent. 

Sampath eRemittance to reward customers with outstanding cash prizes at ‘Cash Wasi3’

Sampath eRemittance is again commencing its special promotional campaign – ‘Cash Wasi’ for the third time this year. 

BRAC Lanka Finance opens first regional office

BRAC Lanka Finance PLC, the LOLC group’s newest addition to its microfinance sector, recently opened its first regional office at E.M.W. Jayasooriya Mawatha, Nupe, Matara.  

Fitch to host Sri Lanka Investment Fund & Asset Management Forum next week

Fitch Ratings Lanka Ltd will be hosting its inaugural Investment Fund & Asset Management Forum on Thursday, September 17, 2015, from 5:30 p.m. to 8:30 p.m., at On Golden Pond, Taj Samudra Hotel, 25, Galle Face Centre Road, Colombo.

CA Sri Lanka to strengthen accounting, auditing profession in Maldives

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently signed a Memorandum of Understanding (MoU) with the Auditor General’s...

Cargills Bank completes a year in corporate and SME financing

Mirror Business spoke to Cargills Bank AGM Corporate Banking and SME Palan Rajanathan regarding the bank and its services. Following are the excerpts of the interview.

SampathCards takes ‘Town on Sale’ promo to Jaffna

SampathCards is expanding its horizons to bring the ‘Town On Sale’ promotion to Jaffna on September 12 and 13, transforming Jaffna into a shopper’s paradise.